Colorado Homestead Exemption 2024. The colorado general assembly has reinstated funding for the senior property tax exemption (a/k/a senior homestead exemption) for tax year 2023, payable in 2024. The homestead exemption is $350,000 if the homeowner, spouse, or dependent is disabled or 60 or older.
The law exempts 50 percent of the first $200,000 of the house’s value. Property tax is a type of tax paid by homeowners on the value of their property.
The colorado general assembly has reinstated funding for the senior property tax exemption (a/k/a senior homestead exemption) for tax year 2023, payable in 2024.
For homes worth more than $200,000 in market value, the state reduces the value by $100,000 before.
For eligible seniors and active military, the program defers the total property tax owed.
For everyone else, if your property taxes grow more than.
Colorado Homestead Exemption 2024. The colorado general assembly has reinstated funding for the senior property tax exemption (a/k/a senior homestead exemption) for tax year 2023, payable in 2024. The homestead exemption is $350,000 if the homeowner, spouse, or dependent is disabled or 60 or older. The law exempts 50 percent of the first $200,000 of…
